US Investment Management Alternatives Compliance, Executive Director

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 16 Oct 18

US Investment Management Alternatives Compliance, Executive Director

US Investment Management Alternatives Compliance, Executive Director
Company Profile
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Department Profile
Professionals within Legal and Compliance provide a wide range of services to our business units. They help to structure a complex and sensitive cross-border transaction; advise on a new product introduction; develop a training program or defuse an investor dispute. They preserve the firm's invaluable reputation for integrity and protect the firm from sanctions with policies and procedures that meet regulatory requirements around the world. They also strive to maintain cooperative relationships with governmental policy makers and the regulatory and self-regulatory agencies that govern the firm's businesses.
Background on the Position
Morgan Stanley Investment Management, together with its investment advisory affiliates, has investment professionals around the works and more than $417 billion in assets under management or supervision as of December 31, 2016. The Investment Management Alternatives Compliance team is responsible for providing compliance oversight of the following businesses within the Investment Management division, primarily: (1) Private Side businesses (including private equity, infrastructure and real estate investing), (2) Alternative Investment Partners (AIP) (private markets fund of funds, hedge fund of funds, and portfolio solutions), and (3) Managed Futures. The activities of the team include providing advisory compliance support, implementing regulatory change, drafting and updating policies and procedures, training personnel, and conducting monitoring and surveillance, among other activities.
Primary Responsibilities
We are looking for an experienced and high caliber individual to act as Head of Morgan Stanley Investment Management Alternatives Compliance, leading the global Alternatives Compliance team and facilitating the Compliance program for the Alternatives businesses globally. The role will be based in New York and report to the Chief Compliance Officer for Morgan Stanley's Investment Management Division.
Duties include:
- Advising and supporting the Investment Management Alternatives businesses on a wide range of internal and transaction-related compliance matters
- Developing training materials and conducting training sessions; communicating compliance/regulatory updates to the business
- Excellent knowledge of the Investment Advisers Act of 1940 and the Investment Company Act of 1940; working knowledge of other applicable laws and regulations both in the US and overseas, including other securities laws and FINRA regulation
- Interpreting regulations and helping implement appropriate solutions with the business
- Drafting policies and procedures, including written supervisory procedures
- Developing a relationship with all the Central Compliance functions to streamline and leverage functions such as monitoring and testing teams
- Assisting in identifying and developing modifications on the compliance program based on new business needs
- Preparing supervisory metrics
- Handling, or otherwise providing guidance and assistance to internal regulatory relations teams in connection with, the preparation of responses to regulatory inquiries and examinations related to Investment Management Alternatives activities
- Participating in various projects, such as new product initiatives, global initiatives, etc.
- Liaising, and forming a good working relationship, with colleagues within Legal and Compliance on matters pertaining to Investment Management Alternatives business

Qualifications:

Skills Required
- A Juris Doctor degree or a Bachelor's degree in Accounting, Business or Economics a distinct advantage
- Minimum 15 years' compliance-related experience gained at a top tier financial institution, law firm and/or regulator, including a minimum of 8 years' experience in the investment management field
- Highly analytical with strong knowledge of financial products, and solid understanding of investment management industry and relevant US and regional regulations and rules
- Demonstrated leadership ability, with prior management experience
- Self-starter who is able to manage effectively senior professionals in the business
- Strong project management skills, and experience in handling significant regulatory change initiatives
- Detail oriented, motivated and able to multi-task in a fast paced, high pressure environment
- Exceptional written and oral communication skills
- Proficient skills using Microsoft Office systems, especially PowerPoint and Excel